I went 90% cash today.

[Coronita]

[quote=scaredyclassic]fyi aarp starts sending junk at age 50[/quote]

like I said, 8 years. two election cycle, or two summer olympics, or right about the time my kid goes to college.

[Coronita]

[quote=La Jolla Renter][quote=FlyerInHi]Flu, I know that you support moderate Republicans on economic issue. But Republicans have for too long enabled the racist, xenophobic elements of the party. Is it any surprise that we see the extremists revealing themselves this year?[/quote]

FlyerInHI, roughly what percent of republicans do you consider racists? If you vote for Trump are you a racist?[/quote]

Well, you might not be, but you are certainly helping enable a good percentage of them that are. Of course, if you’re white, it doesn’t matter since it won’t matter if people like that have power, because it won’t impact you. Lucky you. Some of the rest of us don’t have that luxury.

[Anonymous]

[quote=flu]Well, you might not be, but you are certainly helping enable a good percentage of them that are. Of course, if you’re white, it doesn’t matter since it won’t matter if people like that have power, because it won’t impact you. Lucky you. Some of the rest of us don’t have that luxury.[/quote]

Flu, I can tell you’re curious about what experiencing white privilege is like. You aren’t the first to wonder.

From the time when America (or at last SNL) was great:

http://www.nbc.com/saturday-night-live/video/white-like-me/n9308

[FlyerInHi]

[quote=flu]
Well, you might not be, but you are certainly helping enable a good percentage of them that are. Of course, if you’re white, it doesn’t matter since it won’t matter if people like that have power, because it won’t impact you. Lucky you. Some of the rest of us don’t have that luxury.[/quote]

Sure it matters if you want a fun, interesting, forward thinking, rich, multicultural society. Many of us choose to live in large metro area because of diversity.

Business wise, we know that societies that are open to trade and free movement of people, within a framework, are richer and more prosperous. That’s the best way of expanding your customer and tax base, and the cultural base.

[quote=flu]
Well with all due respect, I think the idea of “white privilege” is an overblown as media talks about it. But….[/quote]

It’s overblown in some ways, but not in many other ways.

The low-information, non-college Trump base doesn’t live White privilege. They feel under siege because, to them, White privilege is ephemeral. A sense of entitlement to something that they feel should be, but really isn’t. But that doesn’t justify their xenophobia.

I know some former deplorables. Once they open up their eyes, adopt a positive view of the world (rather than feeling defensive and under constant siege), they are a lot happier.

[Coronita]

[quote=harvey][quote=flu]Well, you might not be, but you are certainly helping enable a good percentage of them that are. Of course, if you’re white, it doesn’t matter since it won’t matter if people like that have power, because it won’t impact you. Lucky you. Some of the rest of us don’t have that luxury.[/quote]

Flu, I can tell you’re curious about what experiencing white privilege is like. You aren’t the first to wonder.

From the time when America (or at last SNL) was great:

http://www.nbc.com/saturday-night-live/video/white-like-me/n9308%5B/quote%5D

Well with all due respect, I think the idea of “white privilege” is overblown as media talks about it. But….

[an]

[quote=flu][quote=AN]flu, I know you’re much more rational than this. Don’t talk like those crazy right wing nut jobs when Obama won in 2008. Everything will be just fine under either one of them. I am super grateful that we saw 2008 under Bush. There’s no way in hell I would be where I am today w/out that crash. So, if I’m lucky enough to see another 201k, that would be super awesome. Bring it on.[/quote]

Long term I know we will be fine.I am pivoting more towards for a “correction” right now than before, I really don’t want to live through another 8 years of recession with my money locked into stock on the wrong side of the fence. Over the next 8 years, I’ll have 1 kid going to college (with a major expense), I’ll almost be eligible to start receiving junk mail from AARP, and my reaction time will probably be so slow I probably won’t be able to tell the difference between a Cadillac versus a Porsche.

I just don’t see many positive events that could be driving the markets higher, especially with a Trump win, especially since it doesn’t seem like the markets like Trump. The markets seemed to have already factored in a Hillary win. VIX Volatility index went up, precious metals went up, and the major indexes did a reversal after news broke.

I don’t know, just seems “strange”. In a few days, we’ll find out….And if all is well, no harm in moving things back.[/quote]Why do you think time is different and if there is a recession that it will last 8 years? Even with the great recession, we’re better off today than in 2007. The market is a finical bunch. I wouldn’t put too much trust in their knee jerk reactions. Especially when we’re talking about something as long as 8 years. I would go all in if we have a pull back if Trump win. I would definitely sit in mostly cash by 11/7 though, just in case we get such a knee jerk sell off. That would be an awesome opportunity.

[an]

[quote=FlyerInHi][quote=AN] I am super grateful that we saw 2008 under Bush. There’s no way in hell I would be where I am today w/out that crash. So, if I’m lucky enough to see another 201k, that would be super awesome. Bring it on.[/quote]

I think you mean you’re grateful for the monetary and fiscal responses to the 2008 crash. Had there been no responses, the capital that sustains tech would have dried up very quickly.[/quote]
Nope, I would have been 10x more grateful if they let RE price drop another 50%.

[Coronita]

[quote=AN][quote=flu][quote=AN]flu, I know you’re much more rational than this. Don’t talk like those crazy right wing nut jobs when Obama won in 2008. Everything will be just fine under either one of them. I am super grateful that we saw 2008 under Bush. There’s no way in hell I would be where I am today w/out that crash. So, if I’m lucky enough to see another 201k, that would be super awesome. Bring it on.[/quote]

Long term I know we will be fine.I am pivoting more towards for a “correction” right now than before, I really don’t want to live through another 8 years of recession with my money locked into stock on the wrong side of the fence. Over the next 8 years, I’ll have 1 kid going to college (with a major expense), I’ll almost be eligible to start receiving junk mail from AARP, and my reaction time will probably be so slow I probably won’t be able to tell the difference between a Cadillac versus a Porsche.

I just don’t see many positive events that could be driving the markets higher, especially with a Trump win, especially since it doesn’t seem like the markets like Trump. The markets seemed to have already factored in a Hillary win. VIX Volatility index went up, precious metals went up, and the major indexes did a reversal after news broke.

I don’t know, just seems “strange”. In a few days, we’ll find out….And if all is well, no harm in moving things back.[/quote]Why do you think time is different and if there is a recession that it will last 8 years? Even with the great recession, we’re better off today than in 2007. The market is a finical bunch. I wouldn’t put too much trust in their knee jerk reactions. Especially when we’re talking about something as long as 8 years. I would go all in if we have a pull back if Trump win. I would definitely sit in mostly cash by 11/7 though, just in case we get such a knee jerk sell off. That would be an awesome opportunity.[/quote]

the McCarthy era comes to mind.

8 years is a long time. We were lucky because the great recession didn’t impact high tech because for the most part most of the recovery and investments were in tech.

Remember the bush years? How did tech do then?

[an]

[quote=flu][quote=AN][quote=flu][quote=AN]flu, I know you’re much more rational than this. Don’t talk like those crazy right wing nut jobs when Obama won in 2008. Everything will be just fine under either one of them. I am super grateful that we saw 2008 under Bush. There’s no way in hell I would be where I am today w/out that crash. So, if I’m lucky enough to see another 201k, that would be super awesome. Bring it on.[/quote]

Long term I know we will be fine.I am pivoting more towards for a “correction” right now than before, I really don’t want to live through another 8 years of recession with my money locked into stock on the wrong side of the fence. Over the next 8 years, I’ll have 1 kid going to college (with a major expense), I’ll almost be eligible to start receiving junk mail from AARP, and my reaction time will probably be so slow I probably won’t be able to tell the difference between a Cadillac versus a Porsche.

I just don’t see many positive events that could be driving the markets higher, especially with a Trump win, especially since it doesn’t seem like the markets like Trump. The markets seemed to have already factored in a Hillary win. VIX Volatility index went up, precious metals went up, and the major indexes did a reversal after news broke.

I don’t know, just seems “strange”. In a few days, we’ll find out….And if all is well, no harm in moving things back.[/quote]Why do you think time is different and if there is a recession that it will last 8 years? Even with the great recession, we’re better off today than in 2007. The market is a finical bunch. I wouldn’t put too much trust in their knee jerk reactions. Especially when we’re talking about something as long as 8 years. I would go all in if we have a pull back if Trump win. I would definitely sit in mostly cash by 11/7 though, just in case we get such a knee jerk sell off. That would be an awesome opportunity.[/quote]

the McCarthy era comes to mind.

8 years is a long time. We were lucky because the great recession didn’t impact high tech because for the most part most of the recovery and investments were in tech.

Remember the bush years? How did tech do then?[/quote]Which Bush? What happened to tech? If you’re talking about GWB, I thought tech recovered just fine after the .com crash. Going forward, I predict that $ will continue to be pouring into tech. So, I’m not worried.

Also, McCarthy era was ~60 years ago. A lot has changed since then.

[Coronita]

[quote=AN][quote]
the McCarthy era comes to mind.

8 years is a long time. We were lucky because the great recession didn’t impact high tech because for the most part most of the recovery and investments were in tech.

Remember the bush years? How did tech do then?[/quote]Which Bush? What happened to tech? If you’re talking about GWB, I thought tech recovered just fine after the .com crash. Going forward, I predict that $ will continue to be pouring into tech. So, I’m not worried.

Also, McCarthy era was ~60 years ago. A lot has changed since then.[/quote]

GWB. It took about 8 years for tech to recover, as most of government spending was on funding a war that was suppose to last a few months that ended up lasting more than 2 terms. It might not have impacted you because maybe you just starting out. But for a lot of people there was no point in talking about buying assets during 2001-6, because many of the tech workers were unemployed. A lot of us lived through the tech bubbles. When growth is questioned, valuation is cut, capital dries up. Startups fold pretty quickly when they can’t get their 3rd or 4th round of funding.

One other thing. In recent times, none of the presidents have had an agenda to single out specific ethnic groups. No matter how bad the president’s decisions were, none were directed internally at any specific group in the U.S. Not even Bush Senior or Junior. So from 60 years ago, a lot has changed since then…Well, at least until now. The question is, will this continue?

[an]

You’re comparing tech to the .com bubble. So, you’re right, it took 8 years to get back to where it was. But that mean it got back to bubble level. Just like RE during Obama. It took 8 years to get back to about bubble level. But that does not mean it was in decline for 8 years. During 1-2 years after the crash, it was difficult to find jobs. The abundance of options wasn’t there. However, it wasn’t hard to find at least one or two position available.

It’s funny you said a lot tech worker wasn’t in position to buy assets in 2001-6, but those experienced people had an opportunity to sell their stocks at bubble price and buy RE. If you’re talking about younger people, I know many who did buy around that time, since they don’t have much problem finding jobs either. I guess where you stand depend on where you sit.

As for not targeting a specific ethnic group, you’re right. I personally expect it to continue. After all, those who really want to target a specific group is a small % of the population. The rest who are voting for Trump use the same logic you’re using to vote for Hillary. They think she’s worse for them than he would be. So, I would be say there won’t be enough support to get any law pass to target a specific ethnic group.

I just had a conversation with someone who voted for Trump. She held her nose and voted for him while hoping he’ll get impeached and Pence will take over. I wonder if there’s enough of those people out there to push him over the top. She’s even worse than you flu. At least you half way like Hillary and aren’t hoping she’ll get indited and get put in jail or get impeached. But that also shows how much Hillary is hated by some people where they would vote for Trump while hoping he’ll get impeached, because to them, Hillary is worse.

BTW, I personally think bills like SCA-5 does target a specific ethnic group. Imagine if SCA-5 got passed nationally.

[FlyerInHi]

AN, sounds like you want a president who will destroy the economy so you can swoop in and buy assets on the cheap. If that’s the case, then just vote for who you think will do just that.

[an]

[quote=FlyerInHi]AN, sounds like you want a president who will destroy the economy so you can swoop in and buy assets on the cheap. If that’s the case, then just vote for who you think will do just that.[/quote]LoL, no, not even close. I already cast my vote and it’s not for either of the two anti free trade bozos. I want economic prosperity for all, not just for the rich and connected. Which is exactly what happened under Obama. Hence the widening of the wealth gap. I want capitalism, not crony capitalism. Just because that’s what I want doesn’t mean I’m not eyes wide open and fully aware of the crony capitalistic society we live in. I’ve done my part and cast my vote against crony capitalism, but will take full advantage of it, since the majority seem to want it. That is why I didn’t buy into the fear the right was peddling when Obama was elected in 2008 and am not buying the fear the left is peddling with Trump today. Say hello to the new boss, same as the old boss.

[Coronita]

[quote=AN]You’re comparing tech to the .com bubble. So, you’re right, it took 8 years to get back to where it was. But that mean it got back to bubble level. Just like RE during Obama. It took 8 years to get back to about bubble level. But that does not mean it was in decline for 8 years. During 1-2 years after the crash, it was difficult to find jobs. The abundance of options wasn’t there. However, it wasn’t hard to find at least one or two position available.

It’s funny you said a lot tech worker wasn’t in position to buy assets in 2001-6, but those experienced people had an opportunity to sell their stocks at bubble price and buy RE. If you’re talking about younger people, I know many who did buy around that time, since they don’t have much problem finding jobs either. I guess where you stand depend on where you sit.

As for not targeting a specific ethnic group, you’re right. I personally expect it to continue. After all, those who really want to target a specific group is a small % of the population. The rest who are voting for Trump use the same logic you’re using to vote for Hillary. They think she’s worse for them than he would be. So, I would be say there won’t be enough support to get any law pass to target a specific ethnic group.

I just had a conversation with someone who voted for Trump. She held her nose and voted for him while hoping he’ll get impeached and Pence will take over. I wonder if there’s enough of those people out there to push him over the top. She’s even worse than you flu. At least you half way like Hillary and aren’t hoping she’ll get indited and get put in jail or get impeached. But that also shows how much Hillary is hated by some people where they would vote for Trump while hoping he’ll get impeached, because to them, Hillary is worse.

BTW, I personally think bills like SCA-5 does target a specific ethnic group. Imagine if SCA-5 got passed nationally.[/quote]

The supreme court already ruled in favor of affirmative action for it back in June (Fisher v. UT Austin), 4-3 (Scalia died, and one judge abstained from voting). So it’s unlikely it will get overturned for some time. It’s a done deal. And what I have learned, those from the Trump camp aren’t exactly for “equal admissions policies” either. Some of them are exactly for quota limiting Asians and Indians if there are “too many of them”… We’ve seen cases even here on Piggs. That’s usually what happens when one group ends up doing better than average, and there’s a sense of injustice that that happened, because for whatever reason they feel left behind.

And, I think you mistaken my assertion. I don’t particular “like” Hillary. Had the top ticket been Romney or even Kasich or Rubio… Hillary wouldn’t have even been a consideration.

The best we can hope for is a 1 term president.

Regardless of the outcome, I’m just financially positioning for a financial disaster for one particular term from one particular person. I do think this time it’s different. We’ve never had such a polarizing/irrational candidate in modern times, and his odds of wining I think just went up significantly.

If I’m correct, I’ll stay out of the markets for some time. If I’m not correct, that’s fine too, I’ll move slowly back after November.

The markets really haven’t moved that much this year anyway, unless you happen to have been in and out of positions. I only averaged about 12% so far, and mainly offset by the few companies that were bought out from acquisitions. Earnings aren’t great, and the markets moving because of acquisitions and mergers ….If you look at how some of the small/mid tech companies are doing, the unicorn is being reeled in.

[FlyerInHi]

[quote=AN] Say hello to the new boss, same as the old boss.[/quote]

Sounds like you voted for a third party candidate. You’re free to do that.

I assume that by new boss, old boss, you mean that Republicans are the same as Democrats. If that’s the case, then you should feel indifferent between the 2 major parties. Just do us a favor and keep voting third party.

[Author]

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